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Skills shortages lead to fall in wellbeing,  increased workload and decreased profitability 

Skills shortages lead to fall in wellbeing,  increased workload and decreased profitability 

wellbeingAccording to The Open University’s Business Barometer 2022 report, published in partnership with the British Chambers of Commerce, UK organisations are experiencing the knock-on effect of ongoing skills shortages, as more than three quarters (78 percent) report seeing reduced output, profitability or growth. The Open University’s annual report which sets out to provide an overview of UK skills , also highlighted the effect the skills shortage seems to be having on morale and wellbeing, as almost three-quarters (72 percent) of organisations say the impact increases workload on other staff. More →

Hard up workers look to second jobs, side hustles and help from current employers

Hard up workers look to second jobs, side hustles and help from current employers

hard up workers and second jobsNine in ten UK employees have, or would be interested in a second job, as the COVID-19 pandemic and cost of living crisis sees hard up workers keen to increase incomes and turn hobbies into enterprises according to a poll in Benenden Health’s ‘Workforce of the Future’ report. It claims that almost one in three employees in the UK currently have a second occupation (29 percent), with half of these taking up their additional role during the pandemic. Meanwhile, another survey, from Culture Amp claims that six out of ten employees in the UK believe that their employers should help with the rising cost of living. More →

Four in ten people would take unpaid leave to get more time off 

Four in ten people would take unpaid leave to get more time off 

unpaid leaveNew research shows British workers are increasingly willing to take measures to achieve better work-life balance, as over 4 in 10 (43 percent) of UK employees would take unpaid leave to get more time off – the second highest amount of all European countries surveyed. The poll from SD Worx, claims that while people want to prioritise taking time off, the struggle is how to disconnect from the working world. Findings show that almost a third (32 percent) of UK employees check their work while they should be offline, and 34 percent say that it’s difficult to let go of workload when on holiday. More →

People become chameleons to fit in with strong workplace culture

People become chameleons to fit in with strong workplace culture

People struggle to express themselves authentically at work because they feel a need to conform to the tenets of the workplace culture, Dame Inga Beale, the former and first female CEO of Lloyd’s of London, told ESCP Business School. Speaking on the school’s ‘We All Make Mistakes’ podcast to the host and Professor of Entrepreneurship Ben Voyer, Dame Beale said that companies with a strong traditional culture can be resistant to modernisation as new employees are either absorbed into the current culture, or decide to leave. More →

Four day week demands intensify as workers crave flexibility

Four day week demands intensify as workers crave flexibility

four day weekAccording to a new report from ADP exploring employees’ attitudes towards the current world of work, six-in-ten (60 percent) UK workers would like more flexibility as to when they work, such as condensing hours into a four day week. This number increased to two-thirds (67 percent) in Greater London. This desire for great flexibility comes at a time when there is a mental health ticking timebomb happening in offices up and down the land. Over half (51 percent) of men and 45 percent of women admit that their work us suffering due to their poor mental health. This is leading to over a quarter (29 percent) of workers actively trying to change their job and/or move into another industry. More →

Tech firms now less likely to offer fully remote working

Tech firms now less likely to offer fully remote working

tech talent remote workingFully remote working is no longer viewed as the ‘holy grail’ by tech employers, with hybrid working now viewed as the perfect model for aiding retention and recruitment of talent. That is the main conclusion of Robert Half’s Demand for Tech Talent report, which surveyed 750 tech hiring managers across the UK. The results of the survey suggest that remote working – which the report claims was widely touted as the ‘future of work’ both before and during the pandemic – is now being shunned by companies in favour of a flexible approach. More →

Employee engagement falls to record low

Employee engagement falls to record low

employee engagementThe UK is home to one of the most dissatisfied workforces in Europe following a two percentage-point fall in employee engagement levels over the last year, according to Gallup’s latest State of the Global Workplace Report. Employee engagement among UK workers has declined steadily over the last decade. Just nine per cent of UK workers feel enthused by their work and workplace today – compared to 16 per cent in Germany and 33 per cent in Romania, home to Europe’s most engaged workforce. Across Europe, just 14 per cent of people feel engaged with their work, with rates also dipping below ten per cent in Spain, France and Italy. This compares to average engagement levels of 33 per cent in North America and 27 per cent in South Asia. More →

One in five people have started a ‘side hustle’ in the last two years

One in five people have started a ‘side hustle’ in the last two years

side hustleOne in five (19 percent) adults in the UK have started a ‘side hustle’ since March 2020 and, almost one in six  (16 percent) claim to earn upwards of £1,000 a month from their new venture, according to new research from Aviva. Just under two thirds (63 percent) of those who started a side hustle since March 2020, the equivalent of 6.49 million people, are still active in them today. 37 percent have returned to their day jobs being their main source of income now that lockdowns are over and normality has ensued. More →

Digital transformation of small businesses could provide massive economic boost

Digital transformation of small businesses could provide massive economic boost

digital transformationThe new Digital Britain [automatic download] report from Sage claims that over half of Britain’s economic potential from tech adoption is as yet untapped. But ongoing concerns amongst small and medium sized business about cost, skills and knowledge are holding them back from taking on the digital transformation that will ensure their success and provide a massive boost to the economy. The report claims that the use of technology by small and medium businesses (SMBs) contributes £216 billion to the UK economy; but if SMBs unlock the full benefits of technology, this could add an extra £232 billion, boosting the value of tech use to the UK economy by almost double to £448 billion annually. More →

Work-life balance more important than pay for two thirds of people

Work-life balance more important than pay for two thirds of people

work-life balanceRising inflation and the UK’s cost-of-living crisis have put a lot of pressure on employers to increase wages and starting salaries this year, but a new survey suggests that there’s something that employees value more than pay – work-life balance. HR and payroll software provider CIPHR polled over 1,000 UK workers to find out which job aspects matter most to them. Based on the results, over two-thirds (70 percent of women and 65 percent of men) see work-life balance – albeit a term that can mean different things to different people – as being more important than their pay and employee benefits combined (selected by 60 percent of women and 57 percent of men). More →

Lack of employer support exacerbates male health inequality

Lack of employer support exacerbates male health inequality

male health inequalityNew research from Peppy claims that twenty-five per cent of employers do not offer any male-specific health support in the workplace, despite as many as 81 percent believing that not doing so, risks losing their best talent. As working-age men are 32 percent less likely to visit a GP compared to women, serious issues often go untreated for longer, sometimes until it is too late, the report claims, and as a result of this male health inequality, one in five men do not reach traditional retirement age. More →

Offices remain key to hybrid working strategy, claims report

Offices remain key to hybrid working strategy, claims report

officesHybrid work adoption is growing and becoming a permanent element of the future of work, according to the new Workforce Preferences Barometer report [registration] from real estate firm JLL. However, the report’s authors also conclude that, as employee expectations and reality reach an equilibrium, the continuing use of offices remains pivotal to work routines. More →

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